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Basic and Diluted Net Income (Loss) Per Common Share
 9 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Common Share
Basic and Diluted Net Income (Loss) Per Common Share
 
The following table presents basic earnings per share (“EPS”) and diluted EPS (amounts in thousands, except per share data):
 
Quarters Ended December 31,
 
Nine-Month Periods Ended 
 December 31,
 
2016
 
2015
 
2016
 
2015
Numerator:
 

 
 

 
 
 
 
Net income (loss)
$
12,278

 
$
(8,600
)
 
$
(4,925
)
 
$
(38,456
)
Denominator:
 

 
 

 
 
 
 
Weighted-average shares outstanding:
 

 
 

 
 
 
 
Basic
46,606

 
46,081

 
46,469

 
45,953

Assumed conversion of employee stock grants
2,122

 
—

 
—

 
—

Assumed conversion of warrants
6,568

 
—

 
—

 
—

Diluted
55,296

 
46,081

 
46,469

 
45,953

 
 
 
 
 
 
 
 
Net income (loss) per basic share
$
0.26

 
$
(0.19
)
 
$
(0.11
)
 
$
(0.84
)
 
 
 
 
 
 
 
 
Net income (loss) per diluted share
$
0.22

 
$
(0.19
)
 
$
(0.11
)
 
$
(0.84
)

 
Common stock equivalents that could potentially dilute net income (loss) per basic share in the future, but were not included in the computation of diluted earnings per share because the impact would have been anti-dilutive, are as follows (amounts in thousands):
 
Quarters Ended December 31,
 
Nine-Month Periods Ended December 31,
 
2016
 
2015
 
2016
 
2015
Assumed conversion of employee stock grants
800

 
3,257

 
2,760

 
3,247

Assumed conversion of warrants
—

 
5,168

 
5,913

 
5,261